community-banking

Digital innovation has yet to coalesce around any one executive. Chief marketing officers are ideally positioned to fill the void, since they are the natural leaders in understanding the entire customer experience from origination and sales through delivery and measurement.

JPMorgan chief Jamie Dimon tried to defend his bank's size and scope by suggesting that community banks are just as vulnerable in a crisis. But he succeeded only in proving that Wall Street firms will make the same mistakes all over again unless the government takes steps to disincentivize their risky behavior.

Millennials may be a critical market segment for some banks, but the people now in their 20s and 30s also tend to be low-balance, transitory accountholders. It may make more sense for banks to focus their marketing dollars on the ex-slackers known as Gen X instead.

Patriot Financial Partners and Castle Creek Capital Partners will significantly reduce their holdings in Guaranty Bancorp in Denver.

Banks have to invest in mobile technology in order to keep up with millennials. But bankers also need opportunities to rub shoulders with young customers Â-- and small, conveniently-situated branches give them an opportunity to do so.